Gold Falls 3% as Fed Tightening Expectations Weigh; Indian Equities Rebound Strongly: Aetram Group
5 Articles
5 Articles
Under 50 dollars, rising interest-rate fears and a weak AI mood increase silver. At 46.50 dollars, the fate of the rally could decide.
Precious metals have been declining for the past two months, driven by high oil prices, interest rate expectations, and a strong dollar. Gold fell below $4,000 per ounce for the first time since July, while silver and palladium crossed critical thresholds.
Gold Falls to One-Year Low; Silver Tops $50 as Mining Shares Decline
Gold fell to its lowest level in a year on Oct. 30, and silver dropped below $50 an ounce for the first time in 11 months, according to market data, as rising oil prices hardened expectations for another Federal Reserve rate hike and a deepening selloff in technology shares forced investors to liquidate metal holdings to cover losses elsewhere. Spot gold fell as much as 3.2% to $3,891.67 an ounce, its weakest level since late October of the prio…
Gold Falls 3% as Fed Tightening Expectations Weigh; Indian Equities Rebound Strongly: Aetram Group
New Delhi [India], November 3: Gold ended the last week of October 26 week under pressure, with international bullion declining about 3% as expectations of prolonged higher U.S. interest rates, inflation concerns and a firmer dollar reduced support for the non-yielding metal. Aetram India Research said the week’s decline also reflected profit-taking and broader liquidation […] The post Gold Falls 3% as Fed Tightening Expectations Weigh; Indian E…
Precious metals such as gold, silver, platinum, and palladium have experienced sharp declines in recent months due to rising geopolitical risks, increasing oil prices, a strengthening dollar, and expectations that interest rates will remain high for an extended period. Concerns about global growth have also increased selling pressure, resulting in losses for investors in gold, silver, platinum, and palladium.
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